Cibc World Markets Corp Invests $247,000 in Oceaneering International, Inc. (NYSE:OII)

Cibc World Markets Corp acquired a new stake in shares of Oceaneering International, Inc. (NYSE:OII) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,459 shares of the oil and gas company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC boosted its position in shares of Oceaneering International by 23.1% in the third quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock worth $2,487,000 after purchasing an additional 18,760 shares during the period. Stifel Financial Corp boosted its holdings in Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after buying an additional 23,512 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Oceaneering International by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after buying an additional 58,081 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Oceaneering International by 32.3% during the third quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company’s stock valued at $3,292,000 after acquiring an additional 32,297 shares during the period. Finally, Barclays PLC lifted its position in shares of Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after acquiring an additional 138,931 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OII has been the topic of several recent analyst reports. Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays cut their price objective on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.25.

Oceaneering International Trading Down 0.3 %

Shares of OII opened at $22.08 on Wednesday. Oceaneering International, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company’s fifty day moving average is $23.46 and its 200 day moving average is $25.22. The stock has a market capitalization of $2.22 billion, a PE ratio of 15.33 and a beta of 2.42.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Sell-side analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.